The Global Financial Crisis: Analysis and Policy Implications doc

... for The Global Financial Crisis: Analysis and Policy Implications Congressional Research Service 6 At the April 2009 G-20 London Summit, a schism arose between the United States and the U.K., ... Rating Agencies and Their Regulation, by Gary Shorter and Michael V. Seitzinger The Global Financial Crisis: Analysis and Policy Implications Congre...

Ngày tải lên: 23/03/2014, 02:20

... structures in the run up to the global financial crisis and studies the implications for financial stability, exploiting a bank-level dataset that covers about 11,000 banks in the U.S. and Europe ... macroeconomic and monetary conditions in the run-up to the crisis. These are the yearly average rate of GDP growth, GDP GROWTH , and the MONEY MARKET RATES. Th...

Ngày tải lên: 22/03/2014, 21:20

... larger values of these two values reduce the overall resilience of the financial system and, therefore, adversely affect real credit growth. The financial soundness indicator and the variables ... 1 Chinn and Ito (2008) index. The higher the value of the index, the lower the restrictions to cross-border movements of capital. The value of the index fluctuates...

Ngày tải lên: 06/03/2014, 08:20

... throughout the country and are the owners of their respective regional Landesbanken. The identification for the empirical test is based on the fact that some but not all of the Landesbanken and thus ... resulting from the subprime exposure of their respective Landesbanken and had to provide vertical support. The resulting key question for the subsequent analysis i...

Ngày tải lên: 16/02/2014, 10:20

... between the current account and the accumulation of reserves is more likely to run the other way: the accumulation may reflect the wish to resist the appreciation of the currency, when the authorities ... sheets of financial institutions in the run-up to, and during, the financial crisis. We find that there are several respects in which these patterns are not co...

Ngày tải lên: 17/02/2014, 03:20

... include the type of communicative event, the topic, the purpose, the event, the setting and physical aspects of the situation; the participants and the relationships between them, and the background ... views on US financial leadership. The stakes in the debate over international financial reform are huge. The dollar’s role at the center of the global...

Ngày tải lên: 18/12/2013, 10:07

... access to the financial system. If there is obscurity about their ownership, banks and other financial institutions may not be able to discover the identity of the beneficiary of the account and ... today’s open and global financial world, which is characterized by the high mobility of funds and the rapid development of new payment tools. To secure the benefits...

Ngày tải lên: 17/02/2014, 21:20

... reacting on the assumption that their economies’ weak linkages with the US financial system would help protect them from the global storm. But when the financial turmoil expanded to the real ... strengthen financial systems, and broaden and deepen financial markets to make them more resilient (Lee and Park 2008). Governments must prepare for further challenges...

Ngày tải lên: 21/02/2014, 00:20

... across the continent. ere is also the urgency in the world economy — perhaps unlike any other time in the past — to reform global institutions. e UN Conference on the World Financial and ... countries themselves to avoid pitfalls in policy responses to the crisis. Advanced coun- tries also have the responsibility to fix the global financial system and to equi...

Ngày tải lên: 08/03/2014, 09:20

... party is oblivious to the existence of the other’s research, twice the necessary amount of resources (labor and capital) are exhausted toward the pursuit of the same goal. By the opposite argument, ... indicators.” 69 Policy Implications: It is difficult to draw policy implications from the general model of new growth theory. Researchers criticize the model,...

Ngày tải lên: 17/03/2014, 08:20